What is Zainab chargeable gain

Assignment Help Accounting Basics
Reference no: EM133071551

Question - Zainab bought 35,000 shares in Yes Plc in 2005 for $35,000, In the current tax year Zainab transferred all the shares in Yes plc to her sister - in - law, Fatima, who paid $20,000 for them, on the day of the transferred the shares in Yes plc were quoted at $5.44-$5.60. What is Zainab chargeable gain as a result of the transfer to Fatima?

Reference no: EM133071551

Questions Cloud

What is the correct measurement of the product : Eagle Company incurred the following costs in relation to certain product: Direct materials and labor - 180,000. What is the correct measurement of the product
Determine the carrying amount of the asset : An item of plant, which cost $8,000 on 1 July 2014, is being depreciated at 25% p.a. using the diminishing value method. Determine the carrying amount
Code of ethics and code of conduct : What code of conduct or guiding principles did the leader utilize to make the decision, or did you see this as more of an intuitive or gut instinct decision?
Ability to manage performance : How people use, access, and discover data in business is being actively disrupted by tablets, which had been designed for consumers
What is Zainab chargeable gain : Question - Zainab bought 35,000 shares in Yes Plc in 2005 for $35,000, What is Zainab chargeable gain as a result of the transfer to Fatima
Required use the geometric average : Suppose 1 year T bills currently yield 7.00 and the future inflation rate is expected to be constant at 5.80 per year what is the real risk free rate of return
Prepare a consolidated income statement for the year : Intra-entity sales of $320,000 occurred during 2020 and again in 2021. Prepare a consolidated income statement for the year ending December 31, 2021
Statistical technique for ascertaining : a. Suggest at least one statistical technique for ascertaining whether LT was correctly hedging against exchange risk while using these derivative contracts.
Compute the estimated annual risk premiums : Greta has risk aversion of A = 3 when applied to return on wealth over a one-year horizon. She is pondering two portfolios, the S&P 500 and a hedge fund, as

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd